Credit Suisse Cuts Thousands of Jobs in Shakeup

Updated on
  • Bank pares macro, prime services; fixed-income revenue plunges
  • CEO Tidjane Thiam is latest European bank boss to scale back

Credit Suisse Shifts Focus to Wealth Business

Credit Suisse Group AG became the latest European securities firm to overhaul its trading and advisory units after a bigger-than-estimated revenue drop compounded pressure from regulators to increase buffers against potential losses.

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